Aster Capital Management DIFC Ltd Grows Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Aster Capital Management DIFC Ltd raised its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 1,396.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,887 shares of the company’s stock after buying an additional 45,620 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in ZoomInfo Technologies were worth $514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp increased its stake in ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after acquiring an additional 165,440 shares during the last quarter. JPMorgan Chase & Co. increased its position in ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock worth $63,999,000 after purchasing an additional 1,591,960 shares in the last quarter. Primecap Management Co. CA raised its holdings in ZoomInfo Technologies by 70.4% in the fourth quarter. Primecap Management Co. CA now owns 4,371,901 shares of the company’s stock valued at $45,949,000 after buying an additional 1,806,461 shares during the period. Charles Schwab Investment Management Inc. lifted its position in ZoomInfo Technologies by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,213,099 shares of the company’s stock valued at $23,260,000 after buying an additional 19,083 shares in the last quarter. Finally, Norges Bank purchased a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $17,042,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ZI shares. Wells Fargo & Company lifted their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Scotiabank upped their target price on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th. Canaccord Genuity Group increased their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $10.00 to $11.00 in a research report on Wednesday, February 26th. Finally, KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.92.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock opened at $7.53 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 12 month low of $7.02 and a 12 month high of $16.98. The company has a fifty day moving average price of $10.50 and a two-hundred day moving average price of $10.52. The company has a market cap of $2.58 billion, a PE ratio of 251.08, a P/E/G ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. Research analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.